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No proposal for common BRICS currency ‘as of now’, says MEA

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Latest News: Todays Latest News Headlines from India & World | Hindustan Times | Hindustan Times

September 14, 2026
No proposal for common BRICS currency ‘as of now’, says MEA

New Delhi is set to host the 18th BRICS Leaders' Summit at Bharat Mandapam on September 12-13, 2026. The event will focus on enhancing multilateralism, global governance, and critical cooperation in energy, food, and technology sectors.

The 18th BRICS Leaders’ Summit: A Landmark Gathering in New Delhi

On September 12 and 13, 2026, New Delhi will host the 18th BRICS Leaders’ Summit at the Bharat Mandapam, marking a significant milestone in the evolution of the grouping. As the host, Prime Minister Narendra Modi will lead a comprehensive two-day agenda designed to solidify the role of emerging economies in the global order. This summit is particularly noteworthy as it coincides with the 20th anniversary of the formalization of the BRICS alliance.

A Packed Diplomatic Agenda

The summit schedule is structured to balance high-level strategic diplomacy with symbolic gestures of unity. The opening day on September 12 will feature a series of high-stakes events, including closed-door deliberations, an innovation exhibition, and a formal family photo session. A joint tree plantation ceremony will serve as a visual commitment to shared environmental goals, followed by a gala dinner hosted by Prime Minister Modi, providing an informal setting for leaders of the 11 member nations to bridge divides.

Core Themes: Governance and Resilience

The agenda for this summit is centered on 'Inclusive Global Governance and Strengthening Multilateralism.' Member states aim to address pressing global challenges by focusing on key pillars: building resilience, securing critical supply chains, and advancing cooperation in food and energy security. By prioritizing these issues, the BRICS nations are signaling a collective desire to insulate their economies against external shocks and reduce dependency on traditional Western-dominated financial and logistical frameworks.

Expanding the Scope of Cooperation

Beyond traditional economic metrics, the summit will delve into the intersection of trade, investment, and technology. The inclusion of an innovation showcase highlights the bloc’s ambition to move beyond raw commodity exchange and foster a more integrated technological ecosystem. Discussions regarding global and regional issues will likely reflect the bloc’s growing influence in shaping the geopolitical narrative, particularly as it seeks to provide an alternative voice for the Global South.

Inclusive Participation and Future Outlook

The summit is designed as a two-phase event. While the core member states will lead the proceedings on Saturday, the scope expands on Sunday, September 13, when partner countries and outreach invitees join the deliberations. This inclusive approach underscores the bloc's intent to broaden its diplomatic reach. With high-level meetings—such as the potential bilateral engagement between Prime Minister Modi and President Xi Jinping—the summit serves as a crucial platform for conflict resolution and the deepening of strategic partnerships.

Conclusion

The 18th BRICS Summit in New Delhi represents a pivotal moment for the 11-member grouping. By focusing on tangible outcomes—such as disaster resilience, health security, and sustainable energy—the summit aims to prove that the bloc is more than a rhetorical alliance. As these nations navigate a complex global landscape, the decisions made at Bharat Mandapam will likely set the tone for the bloc’s influence on global governance for the remainder of the decade.

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